JERSEY CITY, NJ (June 4, 2013) – Evolven Software announced today that it has been selected as a winner of the Red Herring Top 100 North America award, an elite group of successful private technology companies from the North American business region.
Evolven is the innovator and leader in IT Operations Analytics, a solution that has resolved the 15-year chronic change and configuration management challenges. "We've worked very hard as a cohesive team for our achievements and appreciate the recent accolades and recognition that has been pouring in such as being named a 2013 Gartner Cool Vendor for IT Operations Management, receiving a glowing Ovum SWOT Assessment, and partnering with Forrester Research a second time to deliver a webinar titled Make Change Work," said Sasha Gilenson, CEO for Evolven. "We are delighted to add being named one of Red Herring's Top 100 most promising companies in North America to our growing list of recognized achievements."
Red Herring Top 100 America enlists outstanding entrepreneurs and promising companies. It selects one hundred Award winners, among the 3,000 tech startups financed each year in the US and Canada. Since 1996, Red Herring keeps tabs on the up and comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
"In 2013, selecting the Top 100 achievers was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "In fact, we had the toughest time in years because so many entrepreneurs have crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Evolven embodies the vision, drive and innovation that define a successful entrepreneurial venture. Evolven should be proud of its accomplishment, as the competition was very strong."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation and intellectual property, management quality, business model, customer footprint, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
Evolven applies a new IT Operations Analytics approach to the chronic change and configuration challenges, turning dynamic, overwhelming change and configuration data into actionable insights. Using this solution allows IT operation managers to know exactly what has changed in their environments, investigate incident root-cause, maintain environment consistency, validate changes, and eliminate configuration drift.
Leading industry analyst Gartner selected Evolven as a Cool Vendor in IT Operations for 2013 recognizing Evolven as "the only vendor to marry IT Operations Analytics to configuration and change management." In 2013, Evolven was selected as a winner of the Red Herring Top 100 North America award, a prestigious honor that recognizes the year's most promising private technology companies across North America. Adding to this recognition, other industry analysts have recognized Evolven for "transforming change and configuration management" and as the "Industry's most adaptive change management analytics."
Evolven is a privately held, venture-backed company headquartered in the U.S., with presence in Europe, and the Middle East. Evolven's executive team and advisory board include world-renowned experts in IT management and enterprise software.